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American International Group, Inc. (NYSE:AIG) announced Monday that Claude Wade, Executive Vice President, Chief Digital Officer and Global Head of Business Operations & Claims, will step down from his current responsibilities on December 31, 2025, to address ongoing health issues. At that time, Mr. Wade will transition to an advisory role with the company.
The announcement was made in a press release statement included in an SEC filing. Mr. Wade has held senior leadership positions at AIG, overseeing digital strategy and business operations. No information regarding a successor or further changes to the executive team was provided in the filing. The company maintains a strong financial health score of "GOOD" according to InvestingPro metrics, which offers comprehensive analysis and 8 additional key insights about AIG’s performance and outlook in its Pro Research Report.
AIG is listed on the New York Stock Exchange under the ticker (NYSE:AIG), currently trading at $80.40 per share and demonstrating strong returns over the past five years.
In other recent news, American International Group (AIG) has announced the appointment of Scott Hallworth as Chief Digital Officer, effective September 1, 2025. Hallworth will lead the company’s digital and GenAI strategy, initially reporting to Claude Wade before transitioning to report directly to CEO Peter Zaffino in 2026. Meanwhile, AIG’s second-quarter 2025 earnings report has prompted several analysts to revise their price targets for the company. Keefe, Bruyette & Woods lowered its price target to $91, citing expectations for slower premium growth and higher core loss and expense ratios. Goldman Sachs also adjusted its target to $85, maintaining a Neutral rating due to pressures on the loss ratio, despite higher net investment income. Jefferies reduced its price target to $96, noting disappointing underlying results and deterioration in rate and trend commentary. Lastly, CFRA decreased its target to $90, pointing to mixed top-line trends, including a modest increase in General Insurance written premiums. These developments highlight the varied analyst perspectives on AIG’s financial outlook.
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